TSX opens muted after hot US PPI data dashes early rate cut hopes

Feb 16 (Reuters) - Canada's main stock index opened subdued on Friday after a hotter-than-expected monthly producer inflation report from the United States dampened hopes of an early rate cut, while rising crude and copper prices limited declines.

At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), opens new tab was up 13.61 points, or 0.06%, at 21,236.3.

Reporting by Purvi Agarwal in Bengaluru; Editing by Shweta Agarwal

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

TSX opens muted after hot US PPI data dashes early rate cut hopes

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout